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Re: Enterprising Investor post# 62

Saturday, 09/05/2015 1:21:16 AM

Saturday, September 05, 2015 1:21:16 AM

Post# of 169
Towerview Llc New Position in Gyrodyne Company of America, Inc. (NASDAQ:GYRO)

Towerview Llc has filled a SC 13G form regarding Gyrodyne Filing Link: 000114036115034136. Per Towerview Llc’s filing, the filler now owns 6% of the company, holding 88,535 shares.

Gyrodyne Company of America, Inc. (NASDAQ:GYRO) is a newly disclosed equity position for this institutional investor and the filing was required due to activity on September 1, 2015. This most probably shows Towerview Llc’s confidence and optimism in the future of the company.

Form 13G is used when the filer owns between 5% and 20% of the company and plans to hold it only as a passive investor. If the filler intend to exert control and if the stake’s size exceeds 20%, then a 13D must be filed. Therefore, activist investors and practices such as: hostile takeovers, company breakups, and other “change of control” events, are not permitted by 13G filers.

http://www.octafinance.com/towerview-llc-just-reported-giant-gyrodyne-stake/183718/#ixzz3kq3dNrrw

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